Earlier today, IBM, together with the Governments of Canada and Ontario and a consortium of seven universities led by the University of Toronto and Western University, announced a $210 million investment to create the IBM Canada Research and Development Centre. This research initiative will support 145 new, highly skilled jobs in Ontario and contribute to Canada's position as a global innovation leader.
This significant news involves:
- an investment by IBM of up to $175 million to form the IBM Canada Research and Development Centre -- the first time IBM Research will have a home in Canada;
- a further investment by the Government of Ontario of $15 million towards the creation of the Centre;
- a contribution of $20 million by the Government of Canada that will allow a consortium of seven Ontario post-secondary institutions to install two high-performance IBM Blue Gene/Q supercomputers and develop a cloud computing platform to underpin the initiative’s research collaboration; and
- the announcement of a new IBM data centre in Barrie, Ontario, which we expect to be fully operational in the early fall.